finding a home that meets your criteria

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finding a home that meets your criteria

When you know exactly what you want in a home, finding that home can be very hard. If you want a home that is a single level with multiple bathrooms and bedrooms of a certain size, it can be nearly impossible to weed through all of the available listings to find that one house that meets your criteria. So how can you make a difficult search a little easier? Our blog will provide you with tips and advice that will help you narrow down your long list of options and find the one home on the market that will meet your needs exactly.

The Role Of A Title Company In Your Home Buying Venture

Buying a new home can be exciting and stressful at the same time, sometimes making it tough to determine the best decisions. Every new home buyer should learn more about the steps they need to take in the home buying process, one of the most important being about the role of a title company. If you are ready to buy your first home, check out how important a title company is to your investment.

Why You Need A Title Company When Buying A Home

When you buy property, a title company makes sure that property is legitimate and does not have issues that would impact your right to ownership. A title company is also responsible for providing you with property insurance that would cover any legal fees should a dispute come up. In the event a piece of property has an existing dispute over the title, a title company can learn about it, protecting you, the home buyer, and the lender giving you the money for the purchase.

If A Home Has Problems That Would Interfere With Your Legal Ownership

When a title company takes action in the home buying process, the first step it will take is a title search. During a title search, the company can learn whether or not there are judgments against the property, whether or not there are easements you need to know about and if there are any liens against the property. Once a title search is done, the company will provide a title report, also referred to as an abstract of title, to you and the seller.

Lenders Require You To Have Title insurance

When you buy a piece of property, your title insurance policy will cover more than just the legal fees should a dispute ever come about. Title insurance also covers problems that may arise after you have moved into your new home like zoning conflicts and boundary issues. Bear in mind that your title company will have a survey done prior to providing you with their final report. The title company also issues policies for your lender to protect them from future title problems. You, as a home buyer, will be responsible for the title insurance premium for your lender's policy.

Title Companies Are Necessary At Closing

Your title company will hold funds in escrow for you until the closing process on your property. If the sale of the property goes well, the money is used for closing costs and related fees. If the sale does not go well, you get your money back from escrow. Having an experienced, reputable title company working for you during your home buying venture ensures you end up with legal, rightful ownership of a piece of property before monies exchange hands.

Learning more about every step of the home buying process is important to avoid costly pitfalls. For more information, contact a company like Central Tile & Escrow, Inc.